About Moser Baer Solar Limited
Data last updated:
Moser Baer Solar Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Mb Solar Holding Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 06 March 2007.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2007PLC160162. Its GSTIN is 09AAECP1955A1ZN (Uttar Pradesh). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1,023.45 Cr and a paid-up capital of ₹982.5 Cr. It was formerly known as Pv Technologies Limited and Sun Pv Solutions India Limited. It is led by directors including Nita Puri and Sunita Mowdgal.
Its last annual general meeting (AGM) was held on 14 December 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 43 – B Okhla Industrial Estate, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2018, the company reported a revenue of ₹86.4 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹170.51 Cr (net margin -197.3%) and EBITDA of ₹1.88 Cr (EBITDA margin 2.2%).
The company has about 196 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: Moser Baer and Mose Solar. As per MCA filings, the company has open charges of ₹2,149.17 Cr and satisfied charges of ₹386.13 Cr on record. Court records list 27 cases involving the company, including 13 filed by the company and 14 filed against it; 3 cases are pending. The company has 1 deal on record (1 funding round); the latest was in September 2008.
The last known website on record is moserbaersolar.com.
Company details
Name history
Moser Baer Solar has undergone 4 name changes throughout its history. The current legal name is Moser Baer Solar Limited.
| Company Name | Status |
|---|---|
| Moser Baer Solar Limited | Current |
| Pv Technologies Limited | Previous |
| Sun Pv Solutions India Limited | Previous |
| Moser Baer Photo Voltaic Limited | Previous |
| Pv Technologies India Limited | Previous |
Contact details
Moser Baer Solar Limited's registered office is in New Delhi, Delhi. Its website is moserbaersolar.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address43 – B Okhla Industrial Estate, New Delhi, Delhi, India – 110020
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Moser Baer Solar Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Moser Baer Solar operates two associated brands: Moser Baer and Mose Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PV modules, solar tiles, and related solar products are manufactured. | moserbaersolar.com | |
| Solar modules are manufactured and EPC services are offered. | moserbaer.com |
Business activity
The main business activity of Moser Baer Solar is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Moser Baer Solar Limited, buy the company report.
Financials of Moser Baer Solar Limited
FY 2018 filings availableMoser Baer Solar Limited reported revenue of ₹86.4 Cr (down 31% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year. EBITDA rose 101% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹86.4 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.88 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹170.51 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.2% | |||
| Net Profit Margin | -197.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Moser Baer Solar Limited, buy the company report.
Board of directors of Moser Baer Solar Limited
Moser Baer Solar has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nita Puri | Director | 29 Mar 2007 | 19 Years 7 Months | As last reported |
| Sunita Mowdgal | Director | 27 Jul 2011 | 15 Years 3 Months | As last reported |
| Deepak Puri | Director | 29 Mar 2007 | 19 Years 7 Months | As last reported |
| Sanjay Jain | Director | 18 Dec 2014 | 11 Years 10 Months | As last reported |
Auditor
Moser Baer Solar Limited is audited by NAVNEET K GUPTA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAVNEET K GUPTA & CO | FY 2018 | 030242N |
Shareholding
The shareholding of Moser Baer Solar Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Moser Baer Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2013 | 10439671 | Union Bank of India (Security Trustee on Behalf of Cdr Lenders) | ₹955.84 Cr | Open | |
| 09 Sep 2011 | 10310564 | Punjab National Bank | ₹50 Cr | Open | |
| 13 Jun 2011 | 10299901 | Bank of Baroda | ₹97 Cr | Open | |
| 28 Mar 2011 | 10279364 | Punjab National Bank | ₹50 Cr | Open | |
| 07 Mar 2011 | 10273456 | Central Bank of India | ₹25 Cr | Open |
To see the full charge records of Moser Baer Solar Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Moser Baer Solar Limited has 1 deal on record (1 funding round); the latest was in September 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2008 | Funding round | Undisclosed | Investors: Investcorp |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Moser Baer Solar Limited has 27 court cases on record: 13 filed by Moser Baer Solar, 14 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 6 | 1 |
| District courts | 10 | 7 | 1 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Emco Limited | Disposed |
| High Court of Delhi | Commercial suit | Filed against the company by Ais Glass Solutions Limited | Disposed |
| District court, South East, Delhi | Civil suit | Filed by the company against Value Infracon India Private Limited Others | Disposed |
| Supreme Court | Court case (1431-Criminal Matters : Matters challenging prosecution under Negotiable Instruments Act) | Filed by the company against M/S Photon Energy Systems Ltd.. | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Ais Glass Solutions Limited | Disposed |
To see the full case history of Moser Baer Solar Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Moser Baer Solar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Moser Baer Solar has 4 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Admire Energy Solutions Private Limited | U40100DL2008PTC175762 | |
| Helios Photo Voltaic Limited | U40106DL2005PLC143431 | |
| Pride Solar Systems Private Limited | U40106DL2008PTC175725 | |
| Moser Baer Solar Systems Private Limited | U40106DL2008PTC175987 |
To see the full group structure of Moser Baer Solar Limited, buy the company report.
GST
Moser Baer Solar has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECP1955A1ZN | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Moser Baer Solar Limited, buy the company report.
Recent activity
Moser Baer Solar Limited has 16 board changes on record since 2007: 4 appointments and 12 cessations. The latest: Surender Kumar Mata ceased to be Company Secretary on 04 Oct 2017.
53 earlier events are in the company report.
Frequently asked questions
Moser Baer Solar is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Moser Baer Solar is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 06 March 2007 and is registered under CIN U74999DL2007PLC160162. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Moser Baer Solar has 4 current directors:
- Nita Puri - Director
- Sunita Mowdgal - Director
- Deepak Puri - Director
- Sanjay Jain - Director
The latest financial statements of Moser Baer Solar on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 14 December 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Moser Baer Solar is U74999DL2007PLC160162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Moser Baer Solar has open charges of ₹2,149.17 Cr and satisfied charges of ₹386.13 Cr as per latest MCA filings.
Moser Baer Solar has 27 court cases on record: 13 filed by the company and 14 filed against it. 3 are pending. Most are in the high courts.
Moser Baer Solar was incorporated on 06 March 2007. It is registered with the Registrar of Companies, Delhi.
Moser Baer Solar has 1 deal on record (1 funding round); the latest was in September 2008.
Surender Kumar Mata ceased to be Company Secretary on 04 Oct 2017. Shashank Kumar Rai ceased to be Manager on 31 Mar 2016. Sanjay Jain ceased to be Additional Director on 29 Jun 2015. Moser Baer Solar has 16 board changes on record in total.
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